Looking at variation through a quality lens
Allegretto, S.; Michelson, D.
Healthcare Financial Management Journal of the Healthcare Financial Management Association 68(12): 42-49
2014
ISSN/ISBN: 0735-0732 PMID: 25647928 Document Number: 677579
Collaboration between finance and clinical leaders will become increasingly critical as healthcare organizations transition to value-based payment. Using metrics called quality variation indicators to translate negative quality outcomes into measurable costs, organizations can create a basis for communication on improving quality and reducing costs. Such initiatives often require clinical redesign, which is possible only with engaged physician and nursing leaders who are supported by sophisticated financial tools and timely cost and quality data.